Sole Trader

Although starting business as a sole trader is one of the humblest ways to get started in business, there are many processes that need to be followed. That’s why Verity Accountants are at hand to help you grow your business.

Are you already trading or considering starting a business as a sole trader? TaxAssist Accountants can help as we are a ‘one-stop-shop’ for accountancy services and tax advice for small businesses and self-employed individuals.

Unlimited sole trader accountancy support

Our accountants are always on hand to provide unlimited support tailored to you as a sole trader, from answering queries on allowable business expenses to proactive advice on managing your accounts.

Dedicated team of client managers

Your client managers will spend time getting to know you and your business. They’ll help you make the most of our online accounting software, liaise with HMRC on your behalf, and assist you with managing your sole trader accounts.

Manage your sole trader accounts online

Our online accounting software helps you keep on top of your sole trader accounts and bookkeeping. Send invoices, record expenses and monitor your cashflow – anytime, anywhere. Everything’s updated in real time, so you’ll always know how much tax you owe.

Self Assessment

We make filing your annual Self Assessment with HMRC quick and easy. We can also help with more complex Self Assessment submissions and perform a full review of your return to ensure you’re paying the right amount of tax.

MTD compatible VAT returns

If your sole trader business is VAT registered, our Making Tax Digital compliant software makes submitting VAT returns simple. We’ll keep a close eye on the deadlines and remind you in advance of special dates you need to know about.

Getting started as a sole trader

If you’re just getting started as a sole trader, we’ll get you up and running in no time. We’ll take care of registering you with HMRC as a sole trader and ensure you’re aware of your responsibilities, including what tax you need to pay and what expenses you can claim for.

Sole Trader Package

Whats included

  • Personal Accountant
  • Accounting Software Subscription
  • Full Support Throughout The Year
  • HMRC Tax Registrations
  • VAT Returns
  • Annual Business Accounts
  • Self Assessment Tax Return
  • Quarterly Reviews
  • Expense Advice